Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$268,449$268,449$360,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$91,551$0
Funding fee$1,342$1,342$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.861%7.640%
1st payment$1,384.36$1,384.36$2,492.57
2nd payment$0.00$686.63$0.00
Taxes / mo$327.00$327.00$327.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$45.00$45.00$45.00
Total monthly$1,906.36$2,593.00$3,086.57
Cash to close$131,551$40,000$40,000